Jackson Man Indicted in $9 Million Bankruptcy Fraud

JACKSON, Miss. (AP) — A Jackson man has been indicted on charges that he allegedly stole more than $9 million from his bankrupt business.

William “Butch” Dickson faces charges in U.S. District Court.

Authorities allege that after Community Home Financial Services filed for Chapter 11 bankruptcy protection, Dickson wired nearly $9.1 million from the mortgage company’s accounts, mostly to a bank in Panama.

Court papers say the bankruptcy trustee in charge of protecting funds for the mortgage company’s creditors demanded the 58-year-old Dickson return the money but he didn’t comply.

It’s unclear whether Dickson has a lawyer.

The U.S. attorney’s office says he was expelled from Panama on March 12 and arrested on his return to the United States.

About

WCBI – TV was the first television station in North Mississippi. The station began its regular operations on July 13, 1956 under the ownership of Birney Imes, Jr. WCBI was first housed in a group of cement block buildings in a pasture east of Columbus on Highway 12